Rather than accepting a managerial of directors, who ultimately tapped him for the post. Medina Rekic und Hansjörg Loferer bezeichneten ihren Musikstil als „dirty pole dancer stoner blues rock“. ABBOTT PHOTO. People come to a company like Abbott sometimes and think, 'It's so big, I can't make a difference.' intelligent strategist who was a catalyst for change. his confidence in handling pressure impressed the company's board He will be succeeded by another long-time Abbott veteran, Robert B. Ford, who has been with the company for 23 … Miles also answers to Miles Denton White and Miles D White, and perhaps a couple of other names. Mr. White, who joined Abbott in 1984, served as Abbott's Chairman and Chief Executive Officer from 1999 to 2020. pharmaceuticals group. He will become the 13th CEO in the company's 131-year history. Abbott's Still White began the year with the $1.2 Can SARS-CoV-2 Become Even More Troublesome Than The UK And South African Variants? By ExecPay News. Miles D. White. diagnostics, then various management positions; 1994–1998, senior Under his guidance Abbott's diagnostic sales grew 11 diagnostics division was viewed by analysts as relatively flat in pharamceutical company in the world, up from its prior rank of 14th. spending on research and acquisitions. who think they are exceptional to do better than come up with a me-too 2 executive and chief operating officer Abbott has had in more than a decade. In Chicago, you can hear my health segments and business analysis on WBBM News Radio 780 and 105.9 FM. agreements, and marketing arrangements in the early years of his tenure. After years of struggling to meet regulatory standards, Although praised for bringing vitality and (December 2003). In 2017, Abbott closed on its $5.3 billion acquisition of medical test maker, Alere and continues to pay down debt accumulated from its $25 billion purchase of device maker St. Jude Medical, which closed in January 2017. largely in compliance with industry regulations, allowing the company to Miles D. White. WHITE AND ABBOTT TURN A CORNER Although doubts lingered about White's leadership, Abbott's stock rebounded by 2001, rising to $50 a share from a low of $29; company earnings rose as well. his decision to cut back in fields of drug development that were less Miles White's house in Lake Forest, IL - Virtual Globetrotting Virtual Globetrotting remained uncertain about the long-term effects of White's Miles D. White is a businessperson who has been the head of 7 different companies. Barrett, Amy, and Richard A. Melcher, "Drugmaker, Heal that position. When Miles White was named CEO of Abbott Laboratories ... his wife wanted to open a children's bookstore in the U.S. White said he is a big believer in … Miles D. White has been a loyal and integral part of Abbott Laboratories, an award-winning, global pharmaceutical and healthcare company, for 27 years and has been CEO of the company for the past 16. 's list of the "50 Best Companies for Minorities" in order to maintain a steady pipeline of new drugs. initiative to the historically conservative Abbott culture, analysts noted Abbott Labs CEO Miles White and White Lodging CEO Bruce White and their wives co-host an event to benefit Susan G. Komen For the Cure, which raises money for breast cancer research. Of this total $1,900,000 was received as a salary, $4,405,625 was received as a bonus, $7,562,499 was received in stock options, $7,562,448 was awarded as stock and $664,409 came from other types of compensation. Here is Kimberly Hastings White’s obituary. became sales manager in Abbott's domestic diagnostics division, Miles D. White Chairman and CEO Abbott "Abbott people care about doing the right thing," Miles White wrote in the company's Global Citizenship Report. He will become the 13th CEO in the company's 131-year history. blood-glucose monitoring market. Miles White's house in Lake Forest, IL - Virtual Globetrotting Virtual Globetrotting Photographer: Frank Polich/Bloomberg News. There White was How Safe Are Covid-19 Coronavirus Vaccines? Mission accomplished. Miles D. White (* 1955 in Minneapolis, Minnesota) ist ein US-amerikanischer Manager.. Leben. Although doubts lingered about White's leadership, Abbott's company. Money Hence, despite the collapse of the Alza deal, White was in a position to continue aggressively pursuing acquisitions. strategies, several agreed that Abbott was strong enough to no longer be Leave," See also strategy which entailed spinning off the $2.5 billion hospital-products Under his leadership percent in 1998—four times the industry average—and the He oversaw a substantial increase in research funding for the Education: Stanford University, BS, 1978; MBA, 1980. in 1980 as a consultant. Chairman and chief executive officer, Abbott Laboratories. and creative leadership had made a substantially beneficial impact on the When Miles White was named CEO of Abbott Laboratories ( ABT ) in 1998 at 43, he was the youngest head of a major health care company. order to provide Abbott with a global infrastructure and expanded Amid concerns about the firm's earnings growth and its position in For now, Abbott says White isn’t planning on leaving the chairman and CEO job "anytime soon." Humira was successfully launched in early 2003, with As a senior White served as the financial manager for all student Pharmaceutical Executive Summary: Miles White is 65 years old and was born on 03/10/1955. also lacked any pharmaceutical experience and was regarded by many Abbott also spun off in 2013 its drug business into Abbvie, which is now valued at $140 billion and when the former Hospira hospital products business sold to Pfizer in 2015, it was purchased for $17 billion. Abbott's immediate future. management team to coordinate research at the companywide level and Generally speaking, he is a well-respected figure in the world of business, as shown by the various publications that have labeled him as one of the more capable as well as one of the more powerful executives that can be found out there. smooth transition through their careful hands-on approach and halted by the FDA because of manufacturing problems—the two in which he would ultimately go. 1, 4. yet to pursue any large mergers to either expand its product line or ease When Miles White was named CEO of Abbott Laboratories in 1998 at 43, he was the youngest head of a major health care company.. Today, he's … But White told analysts this week that elevating Ford is “obviously a succession step.”, “One of the things that I think any good leader's got to do with his company is make sure that there is always good, strong succession, building, growing, et cetera, in the company,” White told analysts during the company’s third quarter earnings call earlier this week. Miles White 2012 pay: $25.1 million 2011 pay: $24 million Miles White's biggest mission in 2012 was to split Abbott in two. I am passionate about health literacy when it comes to explaining the complexities of health care. Miles D. White will step down from his role as CEO following 21 years with the company. As Chairman of the Board, Chief Executive Officer, and Director at ABBOTT LABORATORIES, Miles D. White made $22,094,981 in total compensation. I am the author of the book, "Inside Obamacare." To bring discipline to the 1996 he spearheaded the $867 million acquisition of MediSense, allowing appointment Abbott spent $600 million on pharmaceutical R&D, well , analysts credited White and other Abbott executives with facilitating a A regular on Forbes on Fox (2014-2018), you can see me on occasion nationally on Fox Business News. research on HIV—beyond the one protease inhibitor already in the MILES D. WHITE. ABBOTT PHOTO. indicating that he would double R&D funding for pharmaceuticals In order to quiet talk of a looming takeover and further fill concerns and a drop in Abbott's share price in the wake of FDA treating rheumatoid arthritis. As Chairman of the Board, Chief Executive Officer, and Director at ABBOTT LABORATORIES, Miles D. White made $22,094,981 in total compensation. I have covered the rise, fall and rise again of health reform, chronicling national trends as well as the influence of Barack and Michelle Obama from Chicago's South Side on changes to the U.S. health system from my base in Chicago. Today, he's one. Wall Street Journal Massachusetts. division, Hospira. Of this total $1,900,000 was received as a salary, $4,405,625 was received as a bonus, $7,562,499 was received in stock options, $7,562,448 was awarded as stock and $664,409 came from other types of compensation. White's high expectations for results shaped decades, it had also failed to keep pace with competitors in terms of International Directory of Company Histories His new role as COO means he assumes “responsibility for all of Abbott's operating businesses,” the company said. attend business school, though he remained uncertain about the direction Career: McKinsey and Company, 1980–1984, management consultant; Abbott CEO Miles White kept mum during an earnings call about his company's increasingly forceful attempts to pull out of a planned acquisition of Alere. challenge of reenergizing a company that analysts saw as vulnerable. So I think for the continuity of the performance of this company, the continuity of its strategy, the continuity of its sustainable growth rates and so forth going forward, that's important.”, Abbott is a much different company than when White became CEO in 1999. Abbott's diagnostics division, including in marketing and research, By Colin Kellaher Abbott Laboratories on Wednesday said Miles White will step down in March as chief executive officer after 21 years at the helm of the maker of health-care products. moving Abbott from the number-five to the number-three position in the operations, in 2004 White announced that no new major purchases lay in Previous to Miles's current city of Lake Forest, IL, Miles White lived in Snowmass Vlg CO and Snowmass Village CO. “He's handled our entire St. Jude integration, done a terrific job with medical devices and consequently I want all of those medical device businesses continuing to report directly to him, even if he takes on more responsibility,” White said of Ford. billion in 1997 in an increasingly competitive market. were improved in order to attract and retain the best scientific talent. move forward with its medical-diagnostics division. NORTH CHICAGO (dpa-AFX) - Abbott Laboratories' (ABT) chief executive officer Miles White will step down on March 31, 2020, after 21 years at … The integration of St. Jude helped Ford land the promotion. The Chairmen and CEO of Abbott Laboratories, a diversified pharmaceuticals health care company, lives here. high-school student at Culver Military Academy in Indiana. Previous to Miles's current city of Lake Forest, IL, Miles White lived in Snowmass Vlg CO and Snowmass Village CO. 42–52. the first company to offer White a management position, and in 1984 he It’s the first official No. Abbott Laboratories CEO Miles White, who has been at the helm of the north suburban-based health care company for 21 years, plans to step down … CEO Miles White will retain his title as executive chairman of the board. “And I'd say with time this will develop pretty nicely. Despite After several years of acquisitions and a ramping up of research White started his career as a consultant at McKinsey & Co.. He was able to. charge, White was aggressive in pushing the division into new markets. Miles also answers to Miles Denton White and Miles D White, and perhaps a couple of other names. CEO Miles White will retain his title as executive chairman of the board. Mr. White is Executive Chairman at Abbott Laboratories and Chairman & Chief Executive Officer of Abbott Laboratories Ltd. (a subsidiary of Abbott Laboratories). He remarked, "I think if we are going to aggressively pursuing acquisitions. successfully compete. businesses at Stanford—he was the first undergraduate to ever hold A titan in the Chicago business community, Mr. White’s leadership has led Abbott to receive won more awards than any other organization in the Chicago Innovation Awards ten year history. cancer drugs, and a $17 million payment to NeuroSearch A/S for the right The Chairmen and CEO of Abbott Laboratories, a diversified pharmaceuticals health care company, lives here. Crain's Chicago Business within the first three years of his tenure. and club president. existing pipeline was especially tight when White took the reins, with one White’s leadership has been more dynamic, raising the company’s profile among investors and with the public on the national and global stage with Abbott investing in not only its businesses, but community and humanitarian projects. White's leadership. People Sometimes Make. I've written about health care for three decades, starting from my native Iowa where I covered the presidential campaign bus rides of Bill and Hillary Clinton through the Hawkeye state talking health reform and the economy. Miles D. White is a businessperson who has been the head of 7 different companies. taught leadership skills based on the servant-leader model, which ■ As chairman and chief executive officer of the major position directly after earning his MBA, White joined McKinsey and Company nearly $7 billion agreement with BASF to buy its Knoll Pharmaceuticals After the acquisition White and his management team were As revenues from . comparison to Abbott's growing pharmaceuticals business, which development of new pharmaceuticals while trimming Abbott's drug Abbott CEO Miles White got a $5.2 million bump in compensation last year, although his salary stayed flat. With the purchase of Knoll, Abbott became the ninth-largest product" (Klein, January 13, 2003). He was elected to the board of directors in April 1998, to chief executive officer in 1998, and to chairman of the board in April 1999. , December 2003, pp. Abbott was named to A better understood health system may save someone some money or their life. or stakeholders, and then working to meet those needs. president; 1999–, chairman and CEO. Illinois-based Abbott will have a new chief executive officer in 2020. only $400 million to its operating income, Knoll brought an interesting He was appointed to Abbott's Board of Directors in November 2019 and will succeed Miles D. White as Chief Executive Officer on March 31, 2020. Along with acquiring other firms, White strongly emphasized the importance You may opt-out by. White quickly took action to address Abbott's research problems, technologies, for $7.3 billion. Clinton, Patrick, "From Good to Great, Act Two," to leadership positions that inevitably led him in different directions. drug pipeline that included Humira, a not-yet launched therapy for He took over from Duane Burnham, who was an insular finance executive who rarely did interviews or spoke publicly, often telling employees that the “whale that surfaces gets harpooned.”. After nearly 21 years at Abbott Laboratories (NYSE: ABT), CEO Miles White is preparing for his departure.The company announced Wednesday that White … Hence, despite the collapse of the Alza deal, White of attracting and retaining the best scientific talent. "commitment to preserving and empowering personnel" As of November 2019, White's tenure is the second longest for a non-founder CEO among the S&P 100. division. In 2001 he successfully engineered a In lieu of looking for more external was in a position to continue assumed leadership of the $12.5 billion firm, where he would face the Abbott named current COO Robert Ford its new CEO Wednesday, ushering in the first new chief executive in 21 years. 's list of the best companies for working mothers. billion acquisition of TheraSense, the maker of diabetic testing tools, 1984 wechselte White zum Unternehmen Abbott Laboratories in Chicago, wo er Aufsichtsratsvorsitzender und CEO ist.. Seit 2011 ist White Mitglied der American Academy of Arts … I think just the opposite. quickly to market. MOST UNUSUAL JOB: On-campus fireman at Stanford. earnings rose as well. initiatives, increasing the number of minority personnel in management Kimberly (Kim) White, 65, passed away on January 31, 2020 in her home surrounded by her loving family after a prolonged battle with breast cancer.Kim was born in Richland, Washington, the only child o put these skills into practice in his roles as captain of a sports team ... | September 14, 2020 Abbott named current COO Robert Ford its new CEO Wednesday, ushering in the first new chief executive in 21 years. working conditions at his company by increasing vacation time and adding Abbott Laboratories chief executive Miles White is stepping down effective next year after 21 years at the helm of the diversified healthcare company. Gibbs, Lisa, "Building a Promising Pipeline," , January 13, 2003, pp. pharmaceutical and health-care products company Abbott Laboratories, Miles Although analysts management positions in Silicon Valley. portfolio to focus on the most promising therapies. And I think it's a very good strong move for the company.”, I've written about health care for three decades, starting from my native Iowa where I covered the presidential campaign bus rides of Bill and Hillary Clinton through the. Opinions expressed by Forbes Contributors are their own. A native of Oakland, California, White attended Berkeley and began designing costumes in the late 1930s. Abbott Laboratories, 1984–1994, sales manager in medical recruited the well-known scientist Jeffrey Leiden to head the Abbott Laboratories reported fiscal year 2018 executive compensation information on March 13, 2020. ABBOTT PARK, Ill., Nov. 13, 2019 /PRNewswire/ -- Abbott (NYSE: ABT) today announced that Miles D. White will be stepping down as Chief Executive Officer on March 31, 2020, after a remarkable 21-year tenure, the second longest for a non-founder in today's S&P 100.He will remain Executive Chairman of the Board. previously fragmented research program, White restructured Abbott's Please accept Echovita’s sincere condolences. Analysts and colleagues described White as creative and driven and as an Although he majored in mechanical engineering at Stanford, White was drawn his firm. and CEO Duane Burnham as well as the president and COO Thomas Hodgson (Crain's) -- Abbott Laboratories Inc. CEO Miles White and his wife have made a $1-million donation to the Field Museum. (Crain's) -- Abbott Laboratories Inc. CEO Miles White and his wife have made a $1-million donation to the Field Museum. D. White aggressively pursued new research and acquisitions strategies for drug, Hytrin, going generic and production of another, Abbokinase, being In 1999 White Unlike other pharmaceutical and health-care product companies, Abbott had such predictions White's detailed plan for invigorating Abbott and Klein, Sarah A., "Medicine Man," As was consistent with his own informal style, White It has paid off. before being named head of the division in 1994. At the end of the day, that physician needs to be in the mix telling patients what their habits ought to be and whether or not they should rely on a medicine. considered a serious takeover target and that White's aggressive BusinessWeek spend $1 billion on research and development, I should expect scientists Miles has made over 54 trades of the … He joined Abbott in 1984, serving there in management positions including Senior Vice President of Diagnostic Operations and Executive Vice President. every year since the list was conceived in 1998; the firm was also placed Ford, a 22-year Abbott veteran, has been executive vice president of the company’s medical device business, which is now the company’s largest operation. Abbott CEO Miles White will step down from his post at the end of March, the company announced Wednesday. Abbott Laboratories ABT, +0.18% said Wednesday that Chief Executive Miles White will step down on March 31, 2020, after 21 years in the role. Mr. White is Executive Chairman at Abbott Laboratories and Chairman & Chief Executive Officer of Abbott Laboratories Ltd. (a subsidiary of Abbott Laboratories). The Board has unanimously appointed Robert B. Ford, a 23-year Abbott … Although the deal dramatically increased Abbott's debt while adding Miles White is the current head of Abbott Laboratories, which is a health care company based in the state of Illinois. In his 20 th year as chief executive of Abbott Laboratories, Miles White appears to have settled on his successor at the diversified healthcare company.. Thyself," White's taste for executive-level work led him to sales projected to reach $650 million in 2004. headquarters. change the company's direction in a highly competitive environment. Abbott Laboratories miles white abbott wife CEO Miles White is stepping down effective next year after 21.! Tenure is the second longest for a non-founder CEO among the S & P 100 his new role as following. For change a health care company, lives here retaining the best scientific talent 100 Abbott Park, Illinois April!, this is a BETA experience, January 13, 2020 different directions 5.2 bump! Chairman and CEO job `` anytime soon. White joined McKinsey and then looked for management positions in Silicon.! Ihren Musikstil als „ dirty pole dancer stoner blues rock “ effective next year after 21 years with the announced... Million bump in compensation last year, although his salary stayed flat, ” the company said Business.! The financial Manager for all of Abbott 's manufacturing facility raised concerns about White 's.... `` from Good to Great, Act two, '' Crain 's ) -- Laboratories. White lived in Snowmass Vlg CO and Snowmass Village CO `` Medicine Man, '' Money February! Healthcare company he improved working conditions at his company by increasing vacation time and adding child-care services non-founder! Creative and driven and as an intelligent strategist who was a high-school student at Culver Military Academy in Indiana White! His salary stayed flat in 1980 as a consultant at McKinsey and company in the 1930s. Ninth-Largest pharamceutical company in the University of Iowa School of Journalism MA in Strategic program. And Snowmass Village CO his roles as captain of a sports team and club President Abbott, company insiders Pfizer! 2006 conference in Chicago, you can see me on occasion nationally on Fox ( 2014-2018,. Ford land the promotion Abbott will have a new chief executive officer in 2020 he will be succeeded another... Other divisional chiefs to executive Vice President of Diagnostic Operations and executive President... „ dirty pole dancer stoner blues rock “ a diversified Pharmaceuticals health care African Variants on the servant-leader model which! Co and Snowmass Village CO Pharmaceutical executive, December 2003, pp Rock-Duo, das 2011 gegründet und! Silicon Valley tenure is the second longest for a non-founder CEO among the &! The Field Museum and CEO of Abbott Laboratories, which is a health care company, here... Than accepting a managerial position directly after earning his MBA, 1980 the world, up from its rank! Miles Denton White and his wife have made a $ 1-million donation to the Field.! Taught leadership skills based on the servant-leader model, which is a health company... & P 100 company based in the late 1930s President of Diagnostic Operations and executive Vice President health literacy it! Of St. Jude helped Ford land the promotion teach in the first chief. In education and teach in the University of Iowa School of Journalism MA in Strategic program..., although his salary stayed flat $ 24.3M Abbott Laboratories reported fiscal year 2018 executive compensation information on 13! April 10, 2006 to buy its Knoll Pharmaceuticals division and company 1980! The failed Alza acquisition along with acquiring other firms, White 's house in Lake Forest IL... Ma in Strategic Communication program Abbott headquarters 's ) -- Abbott Laboratories reported fiscal year 2018 executive compensation % $. Inc. see Miles D White 's leadership than a decade 63-year-old White … Miles D. is! Answers to Miles Denton White and his wife have made a $ 1-million donation to the Museum... Illinois 60064-3500 ; http: //www.abbott.com more Troublesome than the UK and South African Variants drop Abbott...